28902 Scenic DrChisago CityMN55013
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Chisago City at 28902 Scenic Dr, Chisago City, MN, 55013 earns from $1,319/mo rent with a $2,056/mo payment. Total monthly income totals $1,319/mo. ROI tracks 8.67% on current figures, and rental yield reads 3.77% at a $420,000 purchase. Equity gained on principal adds $2,710/yr, and 5% annual appreciation supports $116,038 over five years. Five-year ROI reaches 42.63% and total cumulative return in cash sums $59,359. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,319/mo property income instead of your personal income.
Single Family
Built in 2007
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55013, Chisago City, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,205 (100%) |
| Owner Occupied HU | 2,448 (76.4%) |
| Renter Occupied HU | 544 (17.0%) |
| Vacant Housing Units | 213 ( 6.6%) |
| Median Home Value | $425,854 |
| Average Home Value | $505,499 |
Housing Distribution
Address Breakdown
Residential
2,900
Single Family
2,672
Multi-Family
228
Businesses
174
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Listed by: Wendie Taylor • Edina Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6767849